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Multi-Tenant Office Building
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518 SW 3rd St, Corvallis, OR 97333

Multi-tenant office with four dedicated rear parking spaces and prominent signage in a downtown setting.

Property Size2,072 SF
Price / SF$294.40
Days on Market386

Property Features for 518 SW 3rd St

General Information

Standard status Active
Size 2,072 SF
Total Parking Spaces 4
Property subtype OFFICE

Building Details

Tenancy Multi
Listing Agency: SVN Imbrie Realty
Listed By: Bjorn Beer · License #OR#201236666
Source: Moodyscre
Added: Aug 22, 2025 Changed: Aug 14 Last Checked: Sep 10 at 12:40PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN Imbrie Realty

Investment Insights

Based on property information with market context.

This multi-tenant office building offers a flexible layout suitable for both investors and owner-users. The property includes four dedicated parking spots located in the rear of the building, and it is positioned for high visibility with signage.

Located at 518 SW 3rd St in Corvallis, the building sits in a downtown area. The current setup allows an owner-user option to take over half of the square footage, which the seller notes may align with SBA lending purposes.

The seller has also indicated possibilities including seller carry and a short-term sale/lease-back structure. With 2,072 square feet of total space, the building provides an opportunity to evaluate a smaller, multi-tenant office asset in a portion of Corvallis that the seller describes as being primed for redevelopment.

Key Highlights

  • Multi‑tenant office located in the heart of downtown Corvallis.
  • 4 dedicated parking spots in the rear of the building.
  • Prominent signage for visibility.

Property Analytics

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Current Use

Mary Dail Bank Miss Sarah Barbuto Marriage Or Relationship Counselor Sarah Nicole Barbuto Marriage Or Relationship Counselor lauren amiton Counselor Financial Freedom Wealth ... Financial Advisor

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Catering Service Electrical Service Home Appliance Store Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,930
Businesses Nearby

Demographics for 97333, OR

22,941
Population
10,604
Households
2.2
Avg Household Size
31
Median Age
58%
College-Educated
97%
High-School Grad
112.0 sq mi
ZIP Area
205
Density / Sq Mi
$64,581
Median Household Income
$28,800
Median Earnings
$1,360
Median Rent
$482,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Multi-tenant office with four dedicated rear parking spaces and prominent signage in a downtown setting.
Where is this office building located?
The property is located at 518 SW 3rd St Corvallis, OR.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Multi‑tenant office located in the heart of downtown Corvallis.; 4 dedicated parking spots in the rear of the building.; Prominent signage for visibility.
(541) 745-4050 Call to check price and availability
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